condos for sale,New York-Mexico condo hotels,luxury condominiums-prodigynetwork

January, 2008

Trump Soho Hotel Condominium Outpacing Sales Predictions
Weak Dollar Fuels Foreign-Market Sales, with Global Buyers Purchasing Nearly 53% of the Building
January, 2008

Demand for units at Trump SoHo Hotel Condominium continues to be robust, with strong foreign-market sales indicating that Manhattan is the preferred location for international real estate buyers.

Since sales commenced in September 2007, global buyers have purchased nearly 53 percent of the building, said Rodrigo Niño, President of Prodigy International, the exclusive sales and marketing organization for the project.

“The strengthening of the Asian and Europe currencies has fueled up sales velocity by global buyers beyond even our most aggressive projections,” noted Ivanka Trump, Vice President of Development and Acquisitions for the Trump Organization.

Designed by the renowned Handel Architects, the striking glass tower will be the tallest building in the heart of SoHo, rising 46 stories and providing 360-degree panoramic views of the city. With five-star hotel services, Trump SoHo is the first luxury development of its kind in the area.

“The condo hotel model is ideal for global buyers. They can enjoy premier hotel services while they are in town, and the unit is maintained and made available for hotel guests when they are away, helping offset the cost of ownership,” Niño stated.

“New York City is one of the world’s strongest hotel and luxury real estate markets, and lower Manhattan is becoming the destination of choice for high-end buyers,” noted Donald Trump Jr., Executive Vice President of Development and Acquisitions for the Trump Organization.

According to recent reports from HVS Hospitality Services and other industry groups, hotel occupancy rates in New York City have achieved record-breaking growth each year over the past seven years; downtown Manhattan hotels have fared especially well, commanding higher than average room rates. Separately, high-end residential real estate market sales in Manhattan reached new levels in 2007.

“Trump SoHo Hotel Condominium will be the most exclusive destination in the most successful hotel market in the world, and international buyers were smart enough to identify this opportunity at once,” said Donald J. Trump.

Trump SoHo amenities will include a world-class restaurant, 24-hour room service, intimate library and wine cellar, outdoor garden, pool deck with full-service bar, and a state-of-theart fitness center and spa. Acclaimed architecture and design firm Rockwell Group has designed the hotel’s interiors in distinctive New York style.

Alex Sapir, President of the Sapir Organization, noted that buyers are quick to recognize the power behind the Trump brand.

“Donald brings instant recognition to the project around the world,” Sapir said. “Trump SoHo offers a new standard in luxury in a neighborhood that is vibrant in lifestyle, but lacking five star hotels.”

Trump SoHo’s international success is being documented both by the local media, who is swarming about this iconic property, and the international press. Worldly renowned publications report constantly on the project and its progress. Please click on link to find different articles from various international publications:

Click here to read more articles

Marketing company moving HQ from Miami to NYC

Trump Soho Hotel Condominium Outpacing Sales Predictions

Trump lures foreign owners for condo-hotel in New York, hints at investing in India